The  Annual General Meeting of shareholders of JSC "Liepājas metalurgs"

will  take  place  on  July  10,  2004  at  10.00 at Liepājas sporta un

kultūras  pils, Jelgavas street 58, Liepāja. Shareholders' Registration

will start at 9.30.



Agenda:

1. Management Board report on 2003 performance.

2.  Approval  of  Annual  Report  and Consolidated Annual Report of JSC

"Liepājas metalurgs" for the year 2003.

3.  Release  of the members of the Management Board from responsibility

for activities in year 2003.

4. Distribution of JSC "Liepājas metalurgs" year 2003 profit.

5. Approval of the budget for year 2004.

6. Approval of the new version of the Charter

7. Election of certified auditor.

8. Other business.



Shareholders,  who  have  deregistered  their  shares, should apply for

blocking of shares to their bank not later than June 22, 2004.



Materials  and  draft decisions prepared for the annual general meeting

will  be  available  for  reviewing  starting with June 28, 2004 at the

reception  office  of  JSC  "Liepājas metalurgs" at Brīvības street 93,

Riga.